§ Mr. Maurice Webbasked the Chancellor of the Exchequer on what grounds the Whitehead Industrial Trust, Limited, was permitted, under Defence (Finance) Regulations, 1939, to make a new public issue of shares in James Nelson, Limited; and what advantages are expected to accrue to the textile industry from this flotation.
§ Mr. DaltonThis transaction was an offer for sale of existing shares and did not involve the raising of new money. As regards the second part of the Question, I192W would refer my hon. Friend to the reply given yesterday by my right hon. Friend, the President of the Board of Trade, to a Question by my hon. Friend the Member for Clitheroe (Mr. Randall).